Teachers Retirement System of The State of Kentucky Holds Position in Boyd Gaming Corporation (BYD)

Teachers Retirement System of The State of Kentucky continued to hold its stake in Boyd Gaming Corporation (NYSE:BYD) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 28,800 shares of the company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Boyd Gaming Corporation were worth $634,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BYD. Norges Bank bought a new position in Boyd Gaming Corporation during the fourth quarter worth $11,720,000. Teachers Advisors LLC increased its position in Boyd Gaming Corporation by 53.1% in the fourth quarter. Teachers Advisors LLC now owns 242,102 shares of the company’s stock worth $4,883,000 after buying an additional 83,990 shares during the period. Parametrica Management Ltd bought a new position in Boyd Gaming Corporation during the first quarter worth $312,000. Louisiana State Employees Retirement System increased its position in Boyd Gaming Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock worth $740,000 after buying an additional 600 shares during the period. Finally, Boston Advisors LLC increased its position in Boyd Gaming Corporation by 5.4% in the first quarter. Boston Advisors LLC now owns 47,485 shares of the company’s stock worth $1,045,000 after buying an additional 2,420 shares during the period. Institutional investors own 71.12% of the company’s stock.

Boyd Gaming Corporation (BYD) traded up 0.72% during midday trading on Tuesday, reaching $26.47. 351,917 shares of the company’s stock were exchanged. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 6.99 and a beta of 1.93. The firm has a 50-day moving average price of $25.57 and a 200 day moving average price of $23.25. Boyd Gaming Corporation has a 52 week low of $16.77 and a 52 week high of $26.87.

Boyd Gaming Corporation (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.04. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The company had revenue of $599.87 million during the quarter, compared to analyst estimates of $602.39 million. During the same quarter last year, the company posted $0.16 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts anticipate that Boyd Gaming Corporation will post $1.10 EPS for the current year.

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BYD has been the topic of a number of research reports. Zacks Investment Research raised shares of Boyd Gaming Corporation from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, April 18th. Telsey Advisory Group upped their price target on shares of Boyd Gaming Corporation from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 3rd. Cann raised shares of Boyd Gaming Corporation to a “buy” rating and upped their price target for the stock from $20.00 to $27.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating and issued a $26.00 price target (up from $25.00) on shares of Boyd Gaming Corporation in a research note on Wednesday, May 3rd. Finally, Aegis reaffirmed a “buy” rating and issued a $27.00 price target (up from $26.00) on shares of Boyd Gaming Corporation in a research note on Wednesday, May 3rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $26.87.

In related news, VP William R. Boyd sold 10,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $26.55, for a total value of $265,500.00. Following the transaction, the vice president now owns 8,251 shares in the company, valued at approximately $219,064.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert L. Boughner sold 25,510 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $25.21, for a total transaction of $643,107.10. Following the completion of the sale, the director now directly owns 65,510 shares of the company’s stock, valued at approximately $1,651,507.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 183,816 shares of company stock worth $4,672,840. 29.16% of the stock is owned by company insiders.

Boyd Gaming Corporation Company Profile

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.